Cheesecake Factory price target raised to $51 from $47 at Piper Sandler

Piper Sandler analyst Brian Mullan raised the firm’s price target on Cheesecake Factory (CAKE) to $51 from $47 and keeps a Neutral rating on the shares following quarterly results. In general, the firm would say the quarter was about in-line with investor expectations. Exiting the quarter, Piper doesn’t expect much in the way of revisions to consensus estimates; nor does it expect much in the way of changes to the debate.